ZenScape

08:54

ZenScape

Check out my analysis on the main FX pair. Waiting for your comments and maybe funda analysis.

ZenScape

A countertrend on H1 was broken by a nice trigger candle that is visible on H4 as well, near the all-time high. At the moment, this long impulse's correction on H1 is valid, but if it breaks before the H4 TREND and the Daily TREND is broken, we can witness a very nice move towards the target zone.

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The market is back in long mode on H4. It still has to close above the Daily TREND on the Daily, but if it does, chances are high that the waves will build the long impulse all the way to the target zones. The ideas is valid until H4 closes below H4 TREND, or the Daily cannot close above the Daily TREND.

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Sellers pulled the price back into the neutral zone, and the Daily sitll couldn't close above the Daily IMP. This rejection makes us cautios about the further long postitions, but until the H4 IMP holds, the TARGET remains valid. Long only above the Daily IMP.

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The market has reached the last H4 South Breakout that hasn't beent tested, and went into correction. Below the H4 IMP, preferably with a wave change, swing trades can be opened, but the market may speed up below the SHORT TRIGGER, and then the primary trend's 38.2 correction fibo level becomes target.

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The market dropped below the recent H4 low, signaling a continuation of the short trend. Until close on H4 is below H4 IMP, the Weekly and the Daily support zones act as target zones. Positions should be managed at the Weekly zone.

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There was a false breakout that ended in a penetration in the SHORT FROM zone that was the H4 start of long impulse and the North breakout. A correction from this short impulse and a new low is needed for confirmation, but as long as the H4 IMP stands, and the long countertrend on H4 breaks, target zones become valid.

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The market has broken the countertrend and the last H4 South Breakout (LONG TRIGGER), so the target zone marked is valid until the H4 IMP stands.

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Breaking the countertrend, the market is in expansion phase, targeting the Weekly target fibo 123.6 The Daily trend is also long here, so the push may be faster than the other US indices.

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H4 closed significantly above the Daily high, so until H4 IMP stands, the market is in long impulse.

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The market has printed a Marubozu on H4 breaking the countertrend and above the Daily high and the H4 South Breakout (LONG FROM). Target zone is marked, idea is valid until the price is above the H4 IMP on H4.

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If buyers take the LONG FROM level on H1 today, the market may speed up. The Daily should close above the Daily IMP in order to see rise in the coming days.

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This H4 candle is still open, but if it closes above the recent high, the short structure breaks, sending back the market into neutral zone.

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Trend is short in all the major time frames. Countertrend is broken at the SHORT TRIGGER, target is the Weekly support.

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The trend is short on the Weekly and the Daily, but this short trend may prove as the correction of the last big wave up on the Weekly. Below the closer Daily support, the price may target the next Daily support, then the Weekly. Above the Daily IMP, the Daily short trend breaks with waves up, so buyers may push the price towards the next Weekly and Daily...

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The market is long on all the major time frames, with 1 wave up on the H4, building the correction. Above the LONG FROM zone, the market is back in the impulse phase in the primary trend, so target fibo shows the zones to take profit. The idea is valid until the H4 low is broken.

ZenScape Updated 

The trend is mixed. Weekly is up with a Daily wave down, H4 already back up again, meaning we are is the correction of the correction (3rd trend). Longs may rush in above the last H4 South breakout that hasn’t been tested, Shorts may come in to push it to the 38.2 core fido test below the H4 IMP.

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There is a valid Daily short trend that is the countertrend of the Weekly long trend. The countertrend line breaks at the recent Daily high, where buyers may rush in the market, pushing the price to the Weekly/Daily target fibo area. A risky bearish move may come to the Weekly support and the Daily support zone below, but full short is only below the Weekly...